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Author Topic: Tired of all the bullshit charts people spread...  (Read 466 times)
stadus
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July 29, 2019, 10:24:12 PM
 #21

You don't have to, chart are based on their own analysis, of course you can make your own and just disregard the chart if you don't agree with the TA.
The market is full of speculators and experts, but that does not mean they are right all the time and we should follow them, there's nothing we can rely but ourselves and we should trust out own.

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maxreish
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July 30, 2019, 04:40:44 AM
 #22

Expert traders uses different lines because each lines has a meanings like resistance, etc. They know what they are doing, expect some difficult indicators. But hey, for me I simply used 2 indicators. Moving Average and RSI, it works fine. The simplier, the better. Nevermind those technical analysis which complicates your trades. The important is that you are benefiting from your own TA.
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July 30, 2019, 05:25:43 AM
 #23

You don't have to, chart are based on their own analysis, of course you can make your own and just disregard the chart if you don't agree with the TA.
The market is full of speculators and experts, but that does not mean they are right all the time and we should follow them, there's nothing we can rely but ourselves and we should trust out own.
Exactly what the OP needs to understand, there is no need getting into arguments with someone about his or her own strategies, as long as its working for that person and you're not compelled to follow suit then it's fine.
That's not to say trading strategy works all the time or is reliable, but if you have tried out a particular one, and you believe it works for you, then keep using it, it will help build your confidence in trading.

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Muzika
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July 30, 2019, 06:14:09 AM
 #24

Do not relay on the TA of others, you should start looking it by yourself a good trader can trade with the present market condition and can make a profit over it. Some chart will lead you to profit loss so do not engage in believing other's chart or TA.
jquan
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October 27, 2019, 01:59:27 PM
 #25

I have a different thinking, is that influencers that are posting charts are actually influencing market.

Especially with so many automated bots and trading advice solutions.
If the bots are following the influencer then it can have an impact.

Then if all of the other influencers post charts on the main influencers it can have an effect.
btc_angela
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October 27, 2019, 11:42:35 PM
 #26

I have a different thinking, is that influencers that are posting charts are actually influencing market.

Obviously, they are called influencers because of that. The problem is that there are a lot of newbies falling for their trap.

Especially with so many automated bots and trading advice solutions.
If the bots are following the influencer then it can have an impact.

Then if all of the other influencers post charts on the main influencers it can have an effect.


Bots are being harnessed by everyone here, not just manipulators or influencers. But you are right bots have been predominantly in the ecosystem now that it can have a big impact on the market.

panganib999
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October 29, 2019, 06:55:35 PM
 #27

I get wanting to have a sense of the big picture.
... but anything more than a few key pieces of information will just muddy the waters.

Maybe he's capable of keeping track of all that junk all at once.
But I know that I'm definitely not.

Like most of you, if I find myself in a strategy that's too muddy, I start drifting.

Finding myself in trades that I don't need, or want to be in...
Only noticing the bad decision after I've felt the pain of losing money.

So I keep it simple.

I make it easy for myself to stick to my strategy because I know firsthand what happens when you don’t…
It’s not pretty.

Are you tired of these tea leaf charts?

[/quote]
These fake charts are really good at giving crypto enthusiasts a hard time especially those who use charts as a reference in their trading and investment strategy. This could lead traders and investors into confusion and end up losing their assets because of the bullshits that they are spreading. Not very helpful at all and is highly destructing for those who uses technical analysis.
Pearls Before Swine
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October 29, 2019, 07:01:53 PM
 #28

Have you ever seen a chart with so many lines and indicators and other random shit that you can't even see the price?
Yes I have seen charts like that and yes I'm tired of them...tho I tend to summarily ignore most of them and the inevitable commentary by whoever made them.  I don't believe in technical analysis as a rule, so all of these teacups and death crosses and what have you just make me scratch my head.  What they all come down to is the belief that past prices are going to determine future prices.  That might work when there's price momentum, ie, when the chart is basically a straight line over a period of time, but I don't think all of these indicators have any validity.

You know why there are so many TA traders in crypto?  It's because fundamental analysis doesn't exist.  There is no way to determine at what price bitcoin or any other coin should be trading at.  Supply can be predicted but demand cannot be.  The only thing left to do is to look at charts and infer some meaning.  I truly wonder whether TA traders are making any money based on those charts.
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